Direct PLUS Loans for Students
Parents of dependent students and graduate students may borrow under the Direct PLUS Loan program, which is lent by the U.S. Department of Education.
Repayment for these loans begins 60 days after the second disbursement. The maximum loan amount that you can receive equals the cost of attending Goldfarb School of Nursing minus any other financial aid you have already received.
Types of PLUS Loans
Parent PLUS loans are for dependent students who need additional funding. Graduate PLUS loans are for Master's degree programs, CRNA, or DNP/PhD students. Both are considered Direct PLUS loans. The U.S. Department of Education makes Direct PLUS Loans to eligible students at schools participating in the Direct Loan Program.
*You will be required to complete exit counseling once you complete your program, withdraw or drop below half-time attendance.
How to Apply
The graduate PLUS and parent PLUS loans require the successful submission of the Free Application for Federal Student Aid form. This application is sent directly to the Federal Processor. After processing, a Student Aid Report (SAR) is sent to the student and an Institutional Student Information Record (ISIR) is electronically sent to the financial aid office, provided our Title IV school code is listed on the FAFSA.
Obtain a Federal Student Aid ID (Formerly Federal Student Aid PIN)
The FAFSA application requires you to obtain an FSA ID. If you do not have an FSA ID, you can create a user account to obtain the ID number.
Complete Your Free Application For Federal Student Aid (FAFSA)
Please complete the FAFSA for the year you will be attending school, and be sure to include Goldfarb's school code on the FAFSA: 006389.
There are two ways to complete the FAFSA:
- Via the Internet at https://studentaid.gov/h/apply-for-aid/fafsa
- Directly through the Financial Aid Office by appointment (to be completed online)
See below for instructions on how to use the Data Retrieval Tool.
The IRS Data Retrieval Tool allows students and parents to access the IRS tax return information needed to complete the Free Application for Federal Student Aid (FAFSA), and transfer the data directly into their FAFSA from the IRS Web site. Click here for information about how your federal student aid is determined.
Request a Direct PLUS loan
If you are interested in applying for a PLUS loan for the Fall 2023 and/or Spring 2024 term(s), please visit studentaid.gov and click the aid year 2023-2024. Once you log in, please click "Request a Direct PLUS loan," then click on the appropriate loan type:
- Dependent students will choose a Parent PLUS loan type
- MSN, CRNA or DNP/PhD students will choose a Grad PLUS loan
Complete the Application
Please proceed with the application. As long as the application lists our school, we will receive the results and process the application from there.
The application process takes roughly 20 minutes and must be done in a single session. Please visit the Federal Student Aid website for more application details.
Data Retrieval Tool
- Log onto your 2022-2023 FAFSA application at www.fafsa.gov
- On the Financial Information Tab, update your answer to “Already Completed.” Five options will appear to help you decipher whether or not you will be able to use the IRS Data Retrieval Tool (see screen shot below). NOTE: If you answer YES to any of the questions, you will not be able to use the IRS Data Retrieval Tool at this time.Please see the bullets below for instructions on how to proceed.
- If you answered YES to: "Married Filing Separately", "Head of Household", or "Amended Tax Return (1040X)", you will not be able to use the IRS Data Retrieval Tool. Instead, you must request a "Tax Return Transcript" from the IRS and submit it to the Financial Aid Office. Do not delay! It may take the IRS several weeks to process your request. For information regarding this process, see this FORM.
- If you answered YES to filing a "Puerto Rican or Foreign Tax Return", please submit copies of those forms to the Financial Aid Office.
- If you answered YES to filing your "taxes electronically in the last 3 weeks (or by mail in the last 8 weeks)" your tax information may not be available yet from the IRS. You may need to wait until the IRS Data Retrieval function becomes available to you. Also, if you owe the IRS any payment of taxes, the IRS Data Retrieval Tool will not be available to you until a few weeks after your payment has been received by the IRS.
- If you can answer NO to each of the questions, you should be able to complete the IRS Data Retrieval Tool. Enter your FSA ID and click "PROCEED TO IRS SITE". You will be alerted that you are leaving the FAFSA on the Web. Click OK.
- The IRS website will open to a page entitled "Get My Federal Income Tax Information". Enter your filing status and address information exactly as it appears on your 1040 and press "submit". (This tool is very complex and the information needs to match your 1040 precisely! For example, if on the address line of your 1040 you used the “St.” abbreviation, but you typed the word “Street” into this website, the IRS Data Retrieval Tool cannot match you. Check your 1040 and try again.)